How Visa is going to master the cryptoindustry
One of the main providers of payment services, Visa, has created and presented a program for the development of the digital industry. The company plans to gradually enter the new generation foreign exchange market. Along with the development of the Blockchain, it is planned to maintain well-known coins. In general, the firm is thoroughly determined to conquer the cryptocurrency industry. Next, we will consider the company’s plans and talk about its prospects in the new space. So let’s get started.
What is known at the moment
First, we note that Visa has repeatedly announced its plans and intentions for the Blockchain. The firm is gradually introducing digital currencies; at the moment, transactions using new generation coins are already being practiced. However, the firm did not have a specific blockchain implementation program. Up to this day. Indeed, today Visa was told how the company’s representatives intend to develop the supported assets. The firm says its top priority is implementing new algorithms to support digital transfers. With the use of new security programs, cryptocurrency transactions will begin to become safer and more secure.
The firm understands that digital media attracts many crackers and seasoned hackers. Therefore, it is Visa’s duty to protect its own users. To achieve these plans, the company begins cooperation with many other platforms. In particular, we are talking about most of the well-known exchanges and wallets. Representatives of the organization are interested in such partners. Indeed, with their help, it will be possible to strengthen the transfer system and ensure a stable, convenient receipt of funds for all users.
The nuances of the Visa policy
Note that the authorized person who announced the development plan for Visa, that is, the SEO company, declares that his firm treats the definition of cryptocurrencies with special attention. According to Alfred Kelly, digital assets should be divided into two separate categories. One is made up of Bitcoin. After all, the first cryptocurrency is called “digital gold” for a reason. The second category includes the so-called stablecoins, that is, assets tied to the value of other, more stable currencies. Like Tether. It is noteworthy that, most likely, in the near future, Visa intends to work only with these two categories. Providing support towards altcoins is not being considered yet. So let’s summarize and analyze what the fate of Visa is in the digital market.
What’s in store for the company in the Blockchain industry?
The question, in fact, is not as obvious as it might seem. We can say with confidence that Visa will gain its audience and find support among investors, because there is just a lot of money circulating in the crypto industry. On the other hand, don’t expect this company to radically support Blockchain and digital assets. Still, let’s not forget that Visa is, first of all, a financial structure that works with classic currencies. And it will be very strange if the company advocates full recognition of cryptocurrencies as the settlement asset of the future. This is also evidenced by the statement of the head of the company, who sees prospects only in stablecoins.
This is understandable, since only stablecoin is subject to the standard laws of growth and fall of the currency, as well as government control. The firm is at a crossroads: on the one hand – the desire to become the head of a rapidly developing industry, and on the other – its own policy, concept of work and the opinion of investors. Let’s see how Visa will act in the future. To stay up to date with all the current events from the world of Blockchain and high technologies, follow the crypto industry news with us. We publish only high-quality, interesting material. Thank you for attention. Good luck!